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For the financial year ended 31 March 2022

INCOME AND expenditure
31 March 2022 31 March 2021
$ $
Income Before Grants And Donations
Income from leasing facilities 1,195,095 629,650
Investment income 1,056,155 1,080,408
Other income 216,961 244,825
Fair value gain in investment securities - 1,831,457
Total Operating Income 2,468,211 3,786,340
Projects and activities expenses 6,320,714 4,106,088
Administrative expenses 4,823,763 4,848,675
Rental expense 4,480,903 4,480,903
Employee benefits 3,666,403 3,318,357
Depreciation and amortisation 2,132,846 2,284,775
Fair value loss in investment securities 883,057
Total Operating Expenditure 22,307,686 19,038,798
Net Operating Loss Before
Grants And Donations
(19,839,475) (15,252,458)
Grants And Donations
Government grants 19,470,622 17,661,448
Donations 1,748,551 966,043
Total grants and donations 21,219,173 18,627,491
Net Income After Grants And Donations 1,379,698 3,375,033
Statement of financial position
31 March 2022 31 March 2021
$ $
Building use rights 5,262,860 6,850,847
Property, plant & equipment 1,232,416 1,673,314
Investments 25,902,111 31,584,583
Receivables 1,036,015 1,148,920
Cash and equivalents 24,143,194 20,530,541
Total Assets 57,576,596 61,788,205
Funds and Liabilities
Accumulated Operation Fund 9,013,545 9,108,437
Accumulated Endowment Fund 30,996,653 29,522,063
Deferred income 15,024,987 19,001,665
Other liabilities 2,541,411 4,156,040
Total Funds And Liabilities 57,576,596 61,788,205
reserves position
31 March 2022 31 March 2021
Unrestricted funds (Reserve) $$9,013,545 $$9,108,437
Ratio of Reserves to Annual Operating Expenditure 0.4 0.5


The reserves of the Company provide financial stability and means for the development of its operations and activities. The Board regularly reviews the level of reserves to ensure that they are adequate for fulfilling the company’s continuing obligations.

Please refer to here for the full financial report.


The Board of the Company shall have at least ten (10) Directors and such other number as the Board may determine from time to time. Majority of the Board (including the Chairman and the two Vice Chairmen) shall be Singapore Citizens, and at least half of the Board shall be independent directors. So far as the Company is an Institution of Public Character, at least half of the Board shall also be independent, as defined by the Charities (Institutions of a Public Character) Regulations. The Board of Directors need to be adequately represented from thenvarious sections of the Chinese community in Singapore, in meeting the objectives of the Company.

A director shall serve a term of three (3) years. All directors, except the Honorary Treasurer, may be re-elected to the same or related post upon the expiry of each term of office, provided that the Chairman shall not hold his office for more than three (3) consecutive terms. None of the directors served for more than 10 years.

All the directors are volunteers and receive no remuneration from the Company.

The nomination committee shall review the composition of the Board to ensure that the Board has an appropriate balance of independent Board members with appropriate expertise, skills, attributes, diversity and ability; to identify and nominate potential board member candidates to be elected as members of the board. The Board conducts self-evaluation to assess its performance and effectiveness.

Number of board meetings and the attendance of each Board member: 16 Apr 2021, 16 Jul 2021, 14 Oct 2021, 14 Jan 2022


Name No. of meetings attended Appointed since Remarks
1 Chua Thian Poh 4-4 2013
2 Zhong Sheng Jian 3-4 2013
3 Daniel Chan 3-4 2019
4 Shaun Goh Siao   Sing 4-4 2019
5 William Leong 4-4 2019
6 Pang Lim 4-4 2019
7 Lim Hock Yu 4-4 2020
8 Ng Siew Quan 4-4 2013
9 Perng Peck Seng 2-4 2013
10 Seow Choke Meng 4-4 2013
11 Tan Cheng Gay 4-4 2015
12 Alvin Tan Tze Ee 4-4 2016
13 Anthony Tan Kang   Uei 4-4 2019
14 Joy Tan Whei Min 4-4 2019
15 Paul Tan Kim   Liang 4-4 2019
16 Tham Loke Kheng 4-4 2019    


The Company has in place a volunteer handbook, to give an overview of SCCC’s volunteer management policies and procedures such as volunteering opportunities, code of conduct, volunteer recruitment, benefits and recognition, and learning and development. SCCC aims to create meaningful and enriching volunteering experience for our volunteers.


The Company has in place a policy for Conflict of Interest and Declaration to ensure that members act in the best interest of the Company.

“Member’’ refer to a board member or management or staff or volunteer of the Company.

The declaration of interests are updated in written form at least annually and also when any change occur.

Whenever a director or a person connected with a director1 has a personal interest in a matter to be discussed in a meeting, the director or connected person must:

  • Declare an interest before the discussion on the matter begins;

  • Withdraw from the meeting for that item and not participate in the discussions;

  • Not be counted in the quorum during that part of the meeting; and

  • Withdraw during the vote and have no vote on the matter.

1A person is connected with a director if that person is a child, sibling, parent, spouse, spouse’s parent, spouse’s sibling, grandparent or grandchild of such director.

The discussion and final decisions on the matter should be documented in the minutes of the meeting.


The Whistleblowing Policy aims to provide an avenue for SCCC directors, employees and external parties to bring to attention of the Audit & Risk Committee any misdeed, impropriety committed by directors and employees and offer reassurance that they will be protected from reprisals or victimisation for whistleblowing in good faith.


The 3 highest paid employees with annual remuneration of $100,000 and above are as follows::

Remuneration Band 31 March 2022 31 March 2021
$200,001 to $300,000 1 1
$100,000 to $200,000 2 2

None of the 3 highest paid employees serves as a governing board member of the Company. During the year, there was no staff employed by the Company who are close members of the CEO or Board members, and whose remuneration each exceeds $50,000 during the year. No staff is involved in setting his own remuneration.

The centre did not make any loan or grant to any third parties.